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322 330 W 9th ST San Pedro, CA 90731
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Key Details
Sold Price $2,040,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB16717937
Year Built 1978
Property Description
Two buildings on two parcels - a 6 unit and a 3 unit building. Built in 1979 and 1984 these units are not subject to rent control NOR are not subject to the City of LA's seismic retrofit ordinance.
The asset has strong cash flow day one and even better cash flow by simply leveling the in-place rents!...nothing more. 5 of the 9 units have been rehabbed. Garage parking. On-site laundry room. Secured asset front and rear.
The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. Ports O' Call is undergoing a massive, multi-million dollar renovation - with the product being an Esplanade setting with retail, dining, and shopping. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LAR3
Exterior
Parking Features Assigned, Garage
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 6-10 Units/Acre
Story One
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Bina Bengali • C-21 Astro